Market Commentary

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Author: David Kotok, Post Date: June 4, 2007

The world is watching a stock market bubble in Shanghai. Here are some bubble bullets; then, we’ll comment on the risk with Chinese “A” shares. When stock markets are rising quickly and the curve turns parabolic, emotion takes over and valuation no longer drives pricing. Using valuation techniques is irrelevant in decision making during bubbles. […]

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Author: Bill Witherell, Post Date: May 11, 2007

On May 6th Nicolas Sarkozy was elected by a wide margin to be President of France, decisively trouncing the Socialist candidate, Segolene Royal. On May 16th.Sarkozy takes over from Jacques Chirac, who has been President for the past 12 years. The 84% turnout reflected French voter’s strong desire for change. They seek economic reforms. Their […]

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Author: David Kotok, Post Date: April 24, 2007

“Sell in May and go away” says the old Wall St. adage. “Should you obey?” asks Paul Lim in his New York Times column (Pg. 5, Sunday Money Section, April 22, 2007). Paul Lim noted how the S & P 500 averaged a meager 1.6% for all the May-October periods since 1945. And he also […]

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Author: Bill Witherell, Post Date: February 23, 2007

The Indian and Chinese economies have both been growing at exceptional rates in the range of 9-11 percent per annum. Their equity markets have registered huge gains. India’s SENSEX index for the Bombay market rose 48.5% last year and the iShares FTSE/Xinhua China 25 (FXI).for major Chinese companies listed on the Hong Kong Stock Exchange […]

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Author: David Kotok, Post Date: February 12, 2007

We are accelerating the release of this commentary due to the CNBC interview of Adobe’s CEO this morning, other positive responses at the Barcelona meeting regarding 3G and the next generations of cell phones. Global internet technology is about to make another expansive shift. Whether this is something huge or just another good step in […]

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Author: Bill Witherell, Post Date: January 22, 2007

Shanghai stocks jumped 4.7% on January 15th, their biggest one-day rise in more than a year. This followed a $3.6 billion initial public offering (IPO) by the insurance company, China Life, the shares of which doubled in the first day of trading. Such developments are characteristic of the current high volatility of China’s mainland equity […]

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